On Wednesday, the utility announced it needs more time to complete the $7 billion Kemper plant, which is now nearly three years behind schedule and more than $4 billion over budget. Mississippi Power says it will lose another $25 million from the delay, although customers could also be asked to pay more.

The company says an upcoming rate case will ask customers to pay $4.2 billion overall for Kemper. Southern says it hopes to negotiate an agreement with the Mississippi Public Service Commission and could accept less.

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